&w=3840&q=100)
Centre likely to relax the board regulations for foreign insurers
The official stressed that while the reforms are not intended to open the floodgates to foreign control, they signal a more welcoming approach to global participation in leadership roles
premium
New Delhi
Listen to This Article
The Union government is likely to allow foreign insurers to appoint a majority of non-resident board members, along with other key managerial personnel (KMPs), once the foreign direct investment (FDI) cap is raised to 100 per cent from the current 74 per cent, two senior government officials have confirmed.
This is a key demand from the US government and American insurance industry groups, with both the United States Trade Representative (USTR) and the Coalition of Services Industry (CSI) recently raising the issue.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
5 minutes ago
- Indian Express
Sukanta, doctor who asked question during CM's lecture ‘detained'
STATE BJP president Sukanta Majumdar and a London-based doctor, Rajatshubhra Bandyopadhyay, were both detained by the city police amid a roadside conversation in south Kolkata's Bhabanipur area on Friday. Although they were both released around three hours later, the incident led to protests by BJP workers and a political firestorm. The BJP claimed that around 25 of its workers were also arrested and released nearly hours later. The drama unfolded as Majumdar, who is also a Union minister of state, arrived in Bhabanipur on a motorcycle to observe 'Paschimbanga Dibas' (West Bengal Day), defying police restrictions. After garlanding a statue of Syama Prasad Mookerjee, he went to meet Bandyopadhyay at his residence on Harish Mukherjee Road. Police intercepted Majumdar's convoy, initially claiming that the doctor was not present at home. However, a video later released by the BJP on social media purportedly showed Bandyopadhyay at his residence, prompting protests from party supporters. They accused the police of misleading them and alleged that the state government was 'weaponising the police' to stifle political expression. Amid the standoff, Bandyopadhyay stepped out of the premises of his home to meet Majumdar on the street. The doctor recently garnered attention for publicly questioning Chief Minister Mamata Banerjee during her lecture in London, a video of which had been widely shared online. Their conversation was cut short and both Majumdar and Bandyopadhyay were escorted into police vehicles and taken to the city police headquarters at Lalbazar. 'For what reason have we been detained? I have no clue,' Majumdar told mediapersons as he was led into the van. 'Even a visit to a doctor's house has now become a crime?' a BJP worker questioned. The ruling Trinamool Congress defended the police's actions. 'The BJP is creating provocations. The doctor in question has a track record of inciting controversy. The police acted in accordance with the law to maintain peace in a sensitive locality,' said TMC spokesperson Kunal Ghosh.
The Wire
28 minutes ago
- The Wire
Opposition Leaders Criticise Shah's Remark that Speaking English In India Will Soon Evoke Shame
Some leaders pointed to the economic value of learning English, while others recalled India's linguistic diversity. New Delhi: A number of opposition politicians on Friday (June 20) expressed criticism of Union home minister Amit Shah's remarks that soon people would feel shame for speaking in English in India, saying that learning the language is economically useful and alleging that Shah was trying to undermine India's linguistic pluralism. Speaking at a book launch in Delhi, Shah on Thursday said that 'the building of a society where those who speak English in this country will feel shame is not far away now'. A 'foreign language' cannot be used to understand 'our country, its history, its traditions and our religions', said Shah, adding to express hope that despite the difficulty in doing so, Indian society would 'once again' run the country, think, conduct research and make decisions in 'our languages'. However, Lok Sabha leader of opposition Rahul Gandhi said English is 'as essential as your mother tongue because it will secure jobs [and] boost confidence', advocating for cherishing Indian languages while teaching English. He also alleged that the BJP and the Rashtriya Swayamsevak Sangh 'don't want India's poor children to learn English because they don't want you to ask questions, move forward or stand equal'. K. Kanimozhi, Rajya Sabha MP from the Tamil Nadu-based Dravida Munnetra Kazhagam party that has resisted what it says is the 'imposition' of Hindi in the state, said that the 'only thing [one] should be ashamed of' is 'imposing your will on the people and trying to destroy the pluralism of India', per a machine translation. R. Bindu, education minister of neighbouring Kerala, alleged that Shah was trying to impose Hindi when he spoke against English. The Hindu cited the Communist Party of India (Marxist) politician as saying that the home minister's remarks reflected his 'narrow politics' and, given that 'learning as many languages as possible would enhance one's knowledge', would 'narrow the global perspective of students'. P. Sandosh Kumar, Rajya Sabha MP for Kerala and member of the Communist Party of India, was quoted as saying by PTI that Shah was trying to 'stigmatise India's linguistic diversity and push the RSS-BJP's cultural majoritarianism'. Trinamool Congress leader Sagarika Ghose, who represents West Bengal in the Rajya Sabha, said Indians 'should not be 'ashamed' of ANY language'. 'Preposterous nonsense from Shri [Amit Shah]. 'English is a link language across India, [it's] aspirational, confers a global advantage and knowledge of English is demanded by millions,' she wrote on X.
Time of India
32 minutes ago
- Time of India
Punjab ranks 2nd after Chandigarh in Performance Grading Index
Jalandhar: Punjab has distinguished itself in the Union ministry of education's recently released Performance Grading Index (PGI) 2.0 for 2022-23 and 2023-24. While bracketed with nine other states, Punjab's scores are second only to topper Chandigarh for both academic years. The state, however, leads the crucial 'learning outcomes' domain, though this data is derived from the National Achievement Survey-2021. Chandigarh holds the second position in this category. The PGI 2.0 evaluates the performance of states and UTs across 70 indicators, categorised into six key domains: learning outcomes, access, infrastructure and facilities, equity, governance process, and teacher education and training. Punjab registered overall scores of 614.1 for 2022-23 and 631.2 for 2023-24. In comparison, Chandigarh's scores were 687.8 in 2022-23, rising to 703.0 in 2023-24. Punjab also outperformed Delhi for both years, with the capital scoring 579.3 in 2022-23 and 623.7 in 2023-24. 'Learning Outcomes' crucial domain The report points out that 'learning outcomes' is perhaps the most important domain and is the ultimate objective of the index. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo Punjab scored 113.4, followed by Chandigarh with 103.6. "For 20 indicators related to the learning outcomes domain and equity domain, data is drawn from NAS 2021," the report mentions. The report further mentions that unlike other domains, relatively easier to comply with, improving learning outcomes takes time and patience. "All other domains support learning outcomes and ultimately converge towards it. In this domain, all the indicators covered are measured via the NAS," the report says. Mixed progress in other domains A comparison of 2022-23 and 2023-24 shows that in the other four domains, Punjab's scores improved in infrastructure and facilities (+13), governance performance (+2), and teachers training and training (+4), but in one year, its score fell in access (-2). Performance of the domain 'access' is measured through enrolment, retention of students, transition of students to the next grade, identification, and mainstreaming of out-of-school children. Punjab was in the 22nd position when the Performance Grading Index started in 2017-18, and in 2018-19, it improved to the 13th position. The state was at the top in the PG Index 2019-20 released in June 2021. In the PG Index 2020-21, Punjab was once again among the top performers and attained level II along with six other states, while Delhi could get in Level III with 29 overall marks less than Punjab. For the third consecutive year in 2021-22, Punjab was at number two in the overall performance with 647.4 scores, while Chandigarh was at the top with 659 scores. BOX 'Learning Outcomes' data from Amarinder's tenure As the data for 'Learning Outcome', the most significant domain, has been taken from NAS-2021, this performance pertains to Captain Amarinder Singh's tenure as chief minister. During this time, then education secretary Krishan Kumar spearheaded reforms, with the full political backing of Amarinder. Krishan remained at the helm of the department for over four-and-a-half years, and within days after Amarinder lost his chair in Sept 2021, the former was moved to the higher education department. MSID:: 121977911 413 |
